Thursday, November 8, 2012

Update 2 for Euro Currency by @JimIuorio

Update 2 for Euro Currency by @JimIuorio SocialTwist Tell-a-Friend



Attached is a chart of December Euro Currency (ECZ2).

We maintain our short bias and will do so until we have settlement above 128.25.

We still believe that fiscal cliff uncertainty will force the dollar higher and the market may recycle      European headlines that could disproportionately weaken the Euro.  We are not suggesting that there are not real and new problems in Europe.  We are only pointing out the markets tendency to justify moves with hand picked headlines.    
                                                                                                                          
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This free trial is open to all for the rest of 2012.                  
                                                               
                                                    
                                                               

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